Tyson Foods, Inc. $TSN Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 52.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,940 shares of the company’s stock after buying an additional 8,566 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Tyson Foods were worth $1,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its stake in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. NewSquare Capital LLC lifted its holdings in shares of Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the period. First Command Advisory Services Inc. grew its position in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the last quarter. MTM Investment Management LLC purchased a new position in Tyson Foods in the 2nd quarter valued at $36,000. Finally, Beacon Capital Management LLC acquired a new position in Tyson Foods in the 2nd quarter valued at $37,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of TSN opened at $61.05 on Friday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $64.36. The stock has a market cap of $21.55 billion, a P/E ratio of 45.90, a PEG ratio of 1.38 and a beta of 0.48. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $57.76 and a two-hundred day moving average of $55.51.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.51 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is currently 153.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TSN shares. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Piper Sandler lifted their price objective on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Bank of America cut their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, BMO Capital Markets set a $67.00 price target on Tyson Foods and gave the company an “outperform” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.60.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is owned by company insiders.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.